The uncertainty of systemic risk

@article{Ilin2013TheUO,
  title={The uncertainty of systemic risk},
  author={Thomas Ilin and L. Varga},
  journal={Risk Management},
  year={2013},
  volume={17},
  pages={240-275}
}
  • Thomas Ilin, L. Varga
  • Published 2013
  • Economics
  • Risk Management
  • This article responds to calls in the literature for a major shift in approaches to explaining systemic risk. It applies insights from multiple disciplines, but departs from the monistic positivist research orientations of many previous contributions by taking a carefully argued pragmatic approach from management science to address non-linear intractability. A new operational behaviour paradigm of systemic failure is summarized, in which notions from evolutionary economics and complexity… CONTINUE READING
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